A view of a Bitcoin ATM at Northgate Mall on February 5, 2026 in San Rafael, California.
Justin Sullivan | Getty Images
Bitcoin Prices fell to their lowest since early April on Tuesday, following declines by crypto treasury firms. strategy There has been a growing movement to sell small amounts of Bitcoin held.
Traders at prediction market platform Kalsi believe cryptocurrencies have more room to fall in the current “crypto winter.”
There is a nearly 80% probability that the price of the main virtual currency will fall below $60,000 in 2026. That means Bitcoin will hit new lows and fall below February levels. At the beginning of the month, Bitcoin fell to $60,062.
Traders also see a 52% chance the price will fall below $50,000 this year. Bitcoin has not traded with a 4 in front of its price since August 2024.
Bitcoin’s price has fallen more than 45% since its high of more than $120,000 in October last year.
So far this week, the cryptocurrency has fallen nearly 10%, with Bitcoin last trading around $66,500.
Kalsi traders are also becoming more bearish on their outlook for when the cryptocurrency will reach six digits again. They put the probability of it happening in 2026 at just 27%, up from an almost 50% chance in early May.
Meanwhile, traders at Polymarket see a 12% chance that Bitcoin will reach its all-time high in 2026.
Disclosure: CNBC and Kalsi have a commercial relationship that includes customer acquisition and minority ownership.
